ORMAT TECHNOLOGIES, INC. — Director's Dealing 2018

Nov 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORMAT TECHNOLOGIES, INC. (ORA)
CIK: 0001296445
Period of Report: 2018-11-07

Reporting Person: Granot David (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-07	Common Stock	M	1526	—	Acquired	1526	Direct
2018-11-07	Common Stock	S	767	$51.98	Disposed	759	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-07	Restricted Stock Units (RSU)	$	M	1526	Disposed		Common Stock (1526)	Direct
2018-11-07	Restricted Stock Units (SAR)	$	A	1825	Disposed		Common Stock (1825)	Direct
2018-11-07	Stock Appreciation Right (RSU)	$53.16	A	1621	Disposed	2024-11-07	Common Stock (1621)	Direct

Footnotes

F1: Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units (The "RSUs") vested on November 7, 2018, the one-year anniversary of the date of grant.

F2: Represents shares of common stock sold in the open market on November 7, 2018, in order to satisfy the reporting person's tax withholding obligation in connection with the vesting of the RSUs

F3: Each restricted stock unit represent the right to receive per share of ORA common stock upon vesting. The restricted stock units (The "RSUs") will vest (100%) on November 7, 2019, one-year anniversary of the date of grant.

F4: The stock appreciation rights vest 100% on the one-year anniversary of the date of grant.